HOME › Research Insight › Leading Players have Adopted Various Strategies Such as Partnerships, Collaborations, Agreements, Mergers & Acquisitions, and New Product Developments in Virtual Customer Premises Equipment (V-CPE) Market

Leading Players have Adopted Various Strategies Such as Partnerships, Collaborations, Agreements, Mergers & Acquisitions, and New Product Developments in Virtual Customer Premises Equipment (V-CPE) Market

Virtual Customer Premises Equipment (V-CPE) is gaining traction owing to the growing demand for virtual or cloud-based solutions, cost optimization in maintain hardware, and rising need of mobility. The rising demand for improved time to market and downtime avoidance for network infrastructure are some of the other factors providing opportunities for the growth of the V-CPE market. MarketsandMarkets forecasts the V-CPE market size to grow from USD 486.5 Million in 2016 to USD 2,818.8 Million by 2021, at a CAGR of 42.1% from 2016 to 2021. V-CPE vendors are increasingly introducing impressive offerings and ushering the biggest use case of Network Function Virtualization (NFV) technology.

Juniper Networks, Inc. is one of the leading players in the V-CPE market. The company adopted both organic as well as inorganic strategies to enhance its presence in this market. It announced various new product developments to expand its product portfolio. In June 2016, it launched Juniper Networks cloud enabled branch suite solution. In November 2016, the company introduced an upgraded version of Juniper Networks Junos software and a new line of QFX5200 access switches. Juniper has also entered into various partnerships and strategic alliances with local as well as global players. For instance, in June 2016, Juniper Networks became part of Verizon Enterprise Solutionsí tech partner ecosystem. Further, in June 2016, Juniper Networks expanded its global alliance with NEC Corporation to deliver NFV-based solutions.

NEC Corporation is another major provider in the V-CPE market. The company has offices in the regions of North America, Europe, Middle East & Africa (MEA), Asia-Pacific (APAC), and Latin America. The company has adopted inorganic growth strategies to tap into the V-CPE market. For instance, in February 2016, Clavister entered into a partnership with NEC, becoming one of the new members of the NEC SDN Partner Space ecosystem. Another partnership in February 2016 was signed between NEC and Juniper to incorporate Juniperís NFV software and hardware into the NEC cloud infrastructure. As a part of its organic growth strategy, the company launched Agile Virtualization Platform and Practice (AVP), in May 2016.